Thailand: Consumer prices record softer annual drop in July
August 5, 2015
In July, consumer prices fell 0.07% over the previous month, which contrasted the 0.10% increase observed in June. According to the Ministry of Commerce, July’s fall mainly resulted from lower prices for transportation and communication as well as for energy.
Consumer prices in July fell 1.0% over the same month last year. The figure followed June’s 1.1% drop and marked the smallest fall in three months. Inflation is well below the Central Bank’s tolerance margin of plus/minus 1.5 percentage points around its target of 2.5%. Core consumer prices, which exclude prices for energy and fresh food, rose 0.10% over the previous month (June: 0.06% month-on-month). Core inflation in July was stable at June’s 0.9%.
Author: Dirina Mançellari, Senior Economist